Complete Accurate Quizzes with
_____________Quiz____________?
Which policy provision permits the policy owner to take a specified number of days to
examine the contract, and allows for cancellation and a full refund if the policy owner rejects
the terms or costs? -
Answer✓✓
Free Look
_____________Quiz____________?
When will a policy pay on a UCR basis? -
Answer✓✓
When particular benefits are not listed on a payment schedule
_____________Quiz____________?
Which type of rider reimburses health and social service expenses incurred in a
convalescent or nursing home facility? -
Answer✓✓
long term care rider
_____________Quiz____________?
Which of the following is exempted from the incontestability provision in insurance policies?
-
Answer✓✓
1
, Fraudulent misstatements
_____________Quiz____________?
What does first dollar coverage mean? -
Answer✓✓
As soon as covered medical expenses are incurred, the policy begins to pay
_____________Quiz____________?
What is the waiver of premium provision? -
Answer✓✓
In a long term care contract, the premium is waived after the insured has been confined for
a specific period of time
_____________Quiz____________?
According to the Time Payment of Claims provision, the insurer must make the payment
immediately after receiving proof of loss EXCEPT -
Answer✓✓
for claims involving periodic payments
_____________Quiz____________?
Which is a disadvantage to a flexible premium annuity? -
Answer✓✓
the actual amount of the annuity benefit cannot be determined in advance
_____________Quiz____________?
When a policy or certificate containing an accelerated benefit provision is applied for or
delivered, the producer is responsible for providing that applicant a summary of coverage
that includes all of the following EXCEPT -
Answer✓✓
a detailed and comprehensive summary of the accelerated benefit
2
_____________Quiz____________?
Which policy provision permits the policy owner to take a specified number of days to
examine the contract, and allows for cancellation and a full refund if the policy owner rejects
the terms or costs? -
Answer✓✓
Free Look
_____________Quiz____________?
When will a policy pay on a UCR basis? -
Answer✓✓
When particular benefits are not listed on a payment schedule
_____________Quiz____________?
Which type of rider reimburses health and social service expenses incurred in a
convalescent or nursing home facility? -
Answer✓✓
long term care rider
_____________Quiz____________?
Which of the following is exempted from the incontestability provision in insurance policies?
-
Answer✓✓
1
, Fraudulent misstatements
_____________Quiz____________?
What does first dollar coverage mean? -
Answer✓✓
As soon as covered medical expenses are incurred, the policy begins to pay
_____________Quiz____________?
What is the waiver of premium provision? -
Answer✓✓
In a long term care contract, the premium is waived after the insured has been confined for
a specific period of time
_____________Quiz____________?
According to the Time Payment of Claims provision, the insurer must make the payment
immediately after receiving proof of loss EXCEPT -
Answer✓✓
for claims involving periodic payments
_____________Quiz____________?
Which is a disadvantage to a flexible premium annuity? -
Answer✓✓
the actual amount of the annuity benefit cannot be determined in advance
_____________Quiz____________?
When a policy or certificate containing an accelerated benefit provision is applied for or
delivered, the producer is responsible for providing that applicant a summary of coverage
that includes all of the following EXCEPT -
Answer✓✓
a detailed and comprehensive summary of the accelerated benefit
2
